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What's the best kind of life insurance policy for a single parent?

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I want to make sure my son has everything he needs if something happens to me. How should I set up a life insurance policy?
asked Jul 26, 2015 in Insurance by george (4,150 points)
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1 Answer

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Life insurance can be a cumbersome and confusing subject for many people, as not everyone likes to think about such matters. Life insurance is also one of those 'extra' bills that can really break the budget. Single parents often have an even tighter budget, so if you're looking to afford life insurance, the best route is a term life insurance policy. Whole life insurance policies are going to be more costly, and there are better ways to spend your money. Even when looking at whole life insurance as an investment vehicle, there are other better investment choices. Look at what New York Life has to say on the subject:


http://www.newyorklife.com/learn-and-plan/single-parents-affordable-childrens-security
answered Jul 27, 2015 by JLettermanMB (43,320 points)

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